Natixis Lowers Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Natixis lessened its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,497 shares of the basic materials company's stock after selling 20,260 shares during the period. Natixis' holdings in Pan American Silver were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP increased its stake in shares of Pan American Silver by 226.1% in the fourth quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock valued at $1,141,000 after buying an additional 39,111 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Pan American Silver by 6.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 410,542 shares of the basic materials company's stock valued at $8,294,000 after buying an additional 24,493 shares during the period. Canada Pension Plan Investment Board grew its stake in Pan American Silver by 31.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,046,142 shares of the basic materials company's stock worth $21,137,000 after purchasing an additional 251,522 shares during the period. Marshall Wace LLP grew its stake in Pan American Silver by 61.9% during the fourth quarter. Marshall Wace LLP now owns 57,891 shares of the basic materials company's stock worth $1,171,000 after purchasing an additional 22,125 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAAS shares. BMO Capital Markets started coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $28.50.

Pan American Silver Stock Down 0.4 %

Shares of NYSE PAAS traded down $0.10 during trading on Wednesday, hitting $25.17. The stock had a trading volume of 674,021 shares, compared to its average volume of 3,703,918. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market capitalization of $9.12 billion, a PE ratio of 78.50 and a beta of 1.06. The firm has a fifty day moving average of $25.20 and a two-hundred day moving average of $23.49.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.59%. Pan American Silver's payout ratio is currently 125.00%.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.